QUESTION 13 A company sells 1,200 units during the first quarter of the year at a selling price of $25 per unit. In addition, the company has a beginning inventory of 600 units that were purchased at $10 per unit, and the following purchases and sales. Date Units sold Units purchased Cost per unit January 10 300 $11 January 25 450 February 400 $12 February 14 200 March 5 300 $14 March 27 550 if the company uses a perpetual inventory system and the LIFO method, then what is the company's ending inventory? a. 55,400 b. 54,000 $4,500 d. 54,600 e. $4,200